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Self Assessment - BtL Mortgage Interest
kaggi
Posts: 256 Forumite
I am trying to complete my self assessment and can't find where to enter the mortgage interest in the Property Section. There is a section for Residential property finance costs not included in 'Loan interest and other financial costs' but I can't find the section for Loan Interest and other financial costs on the form - can anyone help?
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Comments
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You cannot claim mortgage interest as an expense any more.
You can get a tax credit off your tax liability in some instances.
https://www.which.co.uk/money/tax/income-tax/tax-on-property-and-rental-income/buy-to-let-mortgage-tax-relief-changes-explained-atnsv0j6j7822 -
Thanks - I was confused as it mentioned Loan Interest and Other Financial Costs as a section and then I couldn't find the section, and I am always terrified I complete the form wrongly even if it is a genuine mistake. I have just put it all in the residential finance costs section.Dazed_and_C0nfused said:You cannot claim mortgage interest as an expense any more.
You can get a tax credit off your tax liability in some instances.
https://www.which.co.uk/money/tax/income-tax/tax-on-property-and-rental-income/buy-to-let-mortgage-tax-relief-changes-explained-atnsv0j6j7820
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